New Delhi, Aug 02: Punjab National Bank has revised the interest rates on its non-resident external term deposits and foreign currency non-resident (banks) scheme denominated in US Dollar, UK Pound and Euro. As per the revised rates for NRE deposits, effective from August 1, the interest would be 3.8 per cent for 1-2 years, 4.4 per cent for 2-3 years and 5.1 per cent for 3 years, the bank said.
The revised interest rates on FCNR(B) deposits would be effective from august two, it said.
In case of FCNR(B) deposits in dollars, the interest rate would be 1.0 per cent for 1-2 years, 1.58 per cent for 2-3 years and 2.28 per cent for 3 years, PNB said.
The FCNR(B) pound deposits would attract 3.3 per cent for 1-2 years, 3.55 per cent for 2-3 years and 3.77 per cent for 3 years, it said.
For FCNR(B) deposits in Euro, the interest rate would be 1.86 per cent for 1-2 years, 2.23 per cent for 2-3 years and 2.59 per cent for 3 years, the bank added.
Bureau Report